summary
Introduced
02/05/2020
02/05/2020
In Committee
05/18/2020
05/18/2020
Crossed Over
Passed
Dead
08/31/2020
08/31/2020
Introduced Session
2019-2020 Regular Session
Bill Summary
An act to add Part 5 (commencing with Section 18100) to Division 7 of the Business and Professions Code, relating to business.
AI Summary
This bill would require retail locations in California to accept cash payments for transactions up to $5,000, unless certain exceptions apply. The bill defines "cash" as Federal Reserve notes and metal coins issued by the United States as legal tender. The Attorney General would be responsible for enforcing these provisions and could impose civil penalties for violations. The bill also specifies that cash acceptance must continue during a declared state of emergency, unless it conflicts with public health directives.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (5)
Last Action
June 18 hearing: Held in committee and under submission. (on 06/18/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=201920200SB926 |
| Bill | http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200SB926 |
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